BW LPG (NYSE:BWLP) Shares Gap Down – Here’s What Happened

Shares of BW LPG Limited (NYSE:BWLP) gapped down prior to trading on Friday . The stock had previously closed at $12.86, but opened at $12.46. BW LPG shares last traded at $12.57, with a volume of 108,737 shares changing hands.

BW LPG Price Performance

The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $11.92 and its two-hundred day moving average price is $14.10.

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 12th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 13.53%.

Hedge Funds Weigh In On BW LPG

Several hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC acquired a new stake in shares of BW LPG in the third quarter valued at approximately $43,000. Centiva Capital LP purchased a new stake in BW LPG in the 3rd quarter valued at approximately $183,000. Plato Investment Management Ltd acquired a new stake in BW LPG during the 3rd quarter valued at $207,000. XTX Topco Ltd acquired a new stake in BW LPG during the 2nd quarter valued at $280,000. Finally, HighTower Advisors LLC purchased a new position in BW LPG during the third quarter worth $219,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.